Crypto Today: WLFI Signal, X Trading, ARK Buys Coinbase
News
Today’s market wrap: A Trump-affiliated token, WLFI, fell more than five hours ahead of the Oct. 10 crypto liquidation event; X Head of Product Nikita Bier said in-app trading is only weeks away; and ARK Invest purchased approximately $15.2 million in Coinbase stock.
Study: WLFI may have acted as an early warning before Oct. 10 crypto liquidation
World Liberty Financial Token (WLFI), a DeFi governance token linked to the Trump family, may have provided an early signal of a broader market downturn on Oct. 10, 2025, according to a report from data provider Amberdata. On that date, around $6.93 billion in leveraged crypto positions were liquidated in under an hour, with Bitcoin (BTC) sliding about 15%, Ether (ETH) roughly 20%, and several smaller tokens losing as much as 70%.
Amberdata’s analysis shows WLFI began a steep decline more than five hours before the wider sell-off. At that stage, Bitcoin was trading near $121,000 and exhibited limited immediate signs of strain, the report said.
“A five-hour lead time is hard to dismiss as coincidence,” said Mike Marshall, the report’s author. “That duration is what separates a genuinely actionable warning from a statistical artefact.”
WLFI crashed ahead of Bitcoin. Source: Amberdata
Nikita Bier says X Smart Cashtags will include in-app trading
X plans to launch its Smart Cashtags feature in a “couple” of weeks, enabling users to trade supported financial assets directly within the app, according to X Head of Product Nikita Bier. “We are launching a number of features in a couple of weeks, including Smart Cashtags that will enable you to trade stocks and crypto directly from the timeline,” Bier said in a post on Saturday.
Source: Nikita Bier
The feature has been closely watched by traders since Elon Musk acquired the platform in 2022 and outlined plans to develop X into an “everything app.” X remains a key communication channel for the crypto community, alongside Telegram.
ARK resumes Coinbase purchases with roughly $15M buy after trimming stake
ARK Invest restarted buying Coinbase Global shares after a period of selling, acquiring about $15 million worth of stock across multiple actively managed exchange-traded funds (ETFs) on Friday. The firm purchased 66,545 Coinbase shares via the ARK Innovation ETF (ARKK), 16,832 shares via the Next Generation Internet ETF (ARKW), and 9,477 shares via the Fintech Innovation ETF (ARKF), based on its daily trade disclosures.
The buying coincided with a strong rally in Coinbase stock. Shares closed at $164.32, up roughly 16.4% on the day, and edged higher in after-hours trading, according to Google Finance, placing the total purchase value near $15.2 million.
ARK also added to its position in Roblox Corporation across ARKK, ARKW, and ARKF. Roblox ended Friday’s session near $63.17 on the New York Stock Exchange.
Coinbase shares surged 16% on Friday. Source: Google Finance
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